002971SZSE
🚨 Material Event

Announcement on Abnormal Fluctuations in Stock Trading

Hubei Heyuan Gas Co., Ltd.··3 pages

✨ AI Summary

Hubei H&Y Gas Co., Ltd. announces abnormal stock trading fluctuations, with the stock price deviating by 22.82% over three consecutive trading days. The company clarifies that its electronic-grade tungsten hexafluoride and other electronic specialty gas products are in the trial production phase, with long certification cycles and no significant impact on performance expected in the next 2-3 years. The company urges investors to make rational decisions and be aware of market speculation risks.

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Full Translation

AI Translation· gemini_document

Securities Code: 002971

Securities Abbreviation: H&Y Gas

Announcement No.: 2026-058

Hubei H&Y Gas Co., Ltd.

Announcement on Abnormal Fluctuations in Stock Trading

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free of any false records, misleading statements, or material omissions.

Special Reminders:

  1. The Company's planned 500 tons/year electronic-grade tungsten hexafluoride product is currently in the trial production phase. Achieving stable production will require a considerable amount of time, and the product certification cycle is long. The product has not yet obtained official certification from leading domestic and international semiconductor companies, nor have any orders been signed or any performance been generated. It is expected that this will not have a significant impact on the Company's operating performance within the next 2-3 years.

  2. Currently, most of the Company's electronic specialty gas products are in the trial production phase. Only a few products, such as electronic-grade carbon monoxide, high-purity ammonia, carbonyl sulfide, and silane, have achieved sales, accounting for less than 5% of sales revenue. The electronic specialty gas business faces significant uncertainties due to long validation cycles and high customer access barriers.

  3. The Company solemnly reminds all investors that all information should be based on the official announcements published on the website of the Shenzhen Stock Exchange and in the Securities Times, China Securities Journal, Securities Daily, and Cninfo.com.cn. Please do not believe false online rumors, make rational decisions, and be aware of the risks of speculation in the secondary market!

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